India works to protect Chabahar Port after waiver ends

India is working around US sanctions against the Chabahar Port to safeguard its interests after the expiry of the sanctions waiver in April through a unique arrangement with Iran.

India Ports Global Limited (IPGL), which is managing the port since 2024 under a 10-year pact with Iran, could enter into an arrangement with a local entity to manage the Chabahar Port with a guarantee that this right will be transferred back to India when sanctions are lifted, ET has reliably learnt.

New Delhi is seeking a guarantee from the Iranian government for this arrangement in the form of legal sanctity so that arrangements between the two port authorities are honoured.

Please visit our youtube channel https://www.youtube.com/@ikargos2719 for fortnightly logistics news analysis and more!